Parsons Son & Basley says ..

Property Oracle says ..

This property, located on Shirley Street in Hove, presents a unique investment opportunity but also comes with significant challenges. The building is a part of the Goldstone Ex-Service Club and requires substantial modernisation throughout. Photos reveal an interior in need of complete refurbishment; the rooms are cluttered, and fixtures and fittings appear dated and worn. The lack of bedrooms and bathrooms indicates the need for substantial alterations to suit residential purposes. The property’s location is a strong asset, given its proximity to Hove railway station and local amenities, along with several well-rated schools. However, the absence of a garden and the extensive renovation needed raises serious questions about value for money at the asking price of £250,000. Buyers must carefully weigh the considerable costs of transformation against the potential future value and desirability of the location. Further investigation into the specifics of the leasehold, planning permissions, and potential building costs is absolutely critical before making any purchase decision. The lack of precise square footage in the nearby listings also complicates a direct price comparison.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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